New York City Mayors Office of Management and Budget

: The New York City Mayor's Office of Management and Budget (OMB) is a vital part of the New York City government. As the city's chief financial agency, OMB is responsible for managing the city's budget and ensuring its efficient and effective use. Located in New York City, New York, OMB employs over 400 analysts who work diligently to oversee the financial operations of the city. OMB's primary responsibility is to assemble and oversee the city's annual budget, which encompasses the budgets of approximately 90 city agencies and entities. This involves a comprehensive analysis of revenue projections, expenditure needs, and financial sustainability. Beyond budget management, OMB plays a crucial role in evaluating the efficiency and cost-effectiveness of city services and proposed initiatives. OMB economists provide valuable insights into the local, national, and global economies, informing decision-making processes at all levels of government. The agency also plays a key role in implementing the city's borrowing and bond programs, conducting legal reviews of capital projects financed through bond proceeds, and ensuring responsible financial management of the city's resources. For more information, visit www1.nyc.gov.